An Exploding Number Of PhD Recipients Are Using Food Stamps
(▪‿▪)DoctorWhoGuru(▪‿▪)
2012/05/08 05:54:10
The number of PhD recipients on food stamps and other forms of welfare more than tripled between 2007 and 2010 to 33,655, according to an Urban Institute analysis cited by the Chronicle of Higher Education.
Read More:
http://www.huffingtonpost.com/2012/05/07/food-stamps-phd-reci...
Read More:
http://www.huffingtonpost.com/2012/05/07/food-stamps-phd-reci...
As "you can keep the things of bronze and stone, and give me one man to remember me just once a year" (Ed Weiner The Damon Runyon Story {1948}): Damon Runyon (1884-1946). Thank you all.God blesses America.
We need to pay our teachers better.
You would be right that is the highest number in 20 years.
At least, he still makes money to feed us!
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It doesn't end does it.
Qualifications allow you to become more skilled in something, more people being skilled, is good for the country, bad for the economy, because the economy needs grunt labour. Businesses are loving it at the moment, they can and do have the cream of the crop, the best of the best in terms of qualifications. Unfortunately, even the rest of the applicants are over qualified for the other jobs.
It's really nothing to do with the fact that people stayed to do more education in fact that should benefit the country in the long run. What 'is' the problem, is that these phd students have literally no room to move. Businesses are getting harder and harder to get funding for, research grants equally hard and most of all, there are no jobs for them, there aren't even that many menial jobs.
I very much doubt it will turn into a financial bomb, we've had the same situations before, time and time again. Education reaps its own rewards.
Although...the last time this happened, we experienced world war 1... and back then the stakes weren't set quite so high >.<
No it is not that there are no jobs, It is that the companies are simply not willing to pay the extra wages that the degrees qualify and reasonably so are expected from the applicant.
Nope I don't see this going away easily no manner what.
One smart kid put his education on the app under "Other intrests and hobbies" YEP Biking, Hiking, BS, reading, writing, swimming, MS, base jumping, camping, PHD, baseball, hockey etc etc.
He got hired by the company he really wanted to work for in a JANITORS positon. Within 5 months a job opened up that required his BS degree and he applied for it from within the company. He just moved the degree out of the "Other Interests and Hobbies" section flushed out the explaination and he was hired into the new position. Another year later there was another job that required his MS degree. He did the same thing. He got hired into the new position. Finally after two years he was going for a division heads position and the personell person thought about what was going on with him and during the prelimiary interview asked him about his schooling. It was funny. The person that was the hiring authority for the job listened to his explaination and told the person fro...
One smart kid put his education on the app under "Other intrests and hobbies" YEP Biking, Hiking, BS, reading, writing, swimming, MS, base jumping, camping, PHD, baseball, hockey etc etc.
He got hired by the company he really wanted to work for in a JANITORS positon. Within 5 months a job opened up that required his BS degree and he applied for it from within the company. He just moved the degree out of the "Other Interests and Hobbies" section flushed out the explaination and he was hired into the new position. Another year later there was another job that required his MS degree. He did the same thing. He got hired into the new position. Finally after two years he was going for a division heads position and the personell person thought about what was going on with him and during the prelimiary interview asked him about his schooling. It was funny. The person that was the hiring authority for the job listened to his explaination and told the person from personeel "don't bother calling in any other candidates. I'm hiring this young man here and now.' Point was the kid thought out of the box and actually got one of the 4 or 5 jobs he really wanted with the company he wanted to work for.
He loves his new job and is doing excedingly well at it too.
However, if I were a company that was looking for well educated individuals for my company I'd have to pay a premium for the best of the best so I know that I am most likely to succede in my endevors. HOWEVER, NOT i this economy. MOST of the companies are low balling wages to these graduates and they just are not willing to do the job for the minimum figure the companies are offering. Why? Because the instant they go to work their student loans come due and they must start paying on them. Some of these kids to get their PHD's have over $100K in loans outstanding that when they come do are payable in 60 months. If the job pays $60 K they cannot live in anything but a shopping cart and on the street. It is a $2150 per month payment.
And that example just happened to a friend of mines son. The kid needs to make $100 K a year for the first 5 years at the very least to be able to pay off his loans. And that doesn't even figure in inflation and all the other stuff.
It is big business that is going to mess this up all over again.
I think the current economic environment provides many companies the advantage of what amounts to a 'buyers market'. A shortage of jobs and an abundance of qualified people available to fill those jobs puts the employer in the drivers seat. I also think that many people have somewhat put themselves into the position (re: their education\debts) they find themselves. There are many fields which struggle to find the skilled people they need, and this demand has been a common thing. Those who chose carefully the field they pursued have no problems gaining good jobs, and being well paid for their skills, A degree is no guarantee of a good job, although for a long time it has been sold as though it is.
Personally, I think anyone who sets themselves up that they require a 6 figure income at the start of a career is delusional. A perfect example of the younger generation's sense of entitlement.